Post
Topic
Board Altcoin Discussion
Re: what is your lost from FTX collapse
by
AakZaki
on 07/12/2022, 18:08:32 UTC
I did not loose money, but I lost another thing which is very important which is trust. I lost trust in all exchanges and all CEO's that own exchanges, not even considering if they are reputable or not. Money that people lost can be gotten back not as easy as trust that has been lost or broken. It is lesson that I have learned, a lesson that will not be easily forgotten. Bigger lesson from the sadder situation of people who lost both money and trust.
when trust is lost, there is no exchange that you can use to store your assets. the best is your personal wallet. But you also need an exchange to trade. I still trade on Binance and it's my place to make profits. it's risky but it's each individual's responsibility, I also don't fully believe it. Binance is still my choice of course. make periodic withdrawals when it's better than depositing it in an exchange wallet.